Trading Activity

Updated

I will be traveling today so will be light on my trading (for new trades at least). Here is the activity so far today:

Ctrip.com $CTRP
I went Long stock in P/M at $51 (1/4 size, starter position, Submarine Basket) but have seen that hit a Stop already today. I am considering a new trade: a December 53/57/51 Risk Reversal Call Spread

Veeva Systems $VEEV
I have an Earnings trade on. I have already StC the December $29 Calls thus leaving a Short 31/26 Strangle. I have added a Long stock piece at 30.60 now (a hedge) based on this 5m chart:

VEEV_5m

RCS Capital $RCAP

I have sold the Long stock piece today. This leaves me with the Long December 12.5/10 Put Spread. Options Net: -$.30 & stock gains of $2.313

Skyworks Solutions $SWKS
I have adjusted the short December 05 weekly 65 Calls to the December 26 weekly $66.5 strike. The trade is now a December 05 weekly 63/61 Risk Reversal with Short December 26 weekly 66.5 Calls. Another way to look at the trade: Long Dec 05w/26w 63/66.5 Diagonal Call Calendar with Short Dec 05w 61 Puts. Options Net remains: $.27

 
StC = Sell to Close
P/M = pre-market

 

Trading Activity

Most of my efforts this week will be on executing the November Options expiration plan that I blogged about over the weekend.

Some activity today:

$CP  The remaining Option pieces have been closed. Options Net final: $4.77 & stock gains of $1.72

$TMO  I went long stock as it broke the $120 level (120.18) yesterday and sold it all when it hit $124.85 today

$BABA  I made an adjustment to the trade today, see Blog post comment section for specifics

$RCAP  I added a December Collar PS

$ASPS  This position was unwound for me today (Short Puts assigned so stock piece covered, Submarine Basket)

Position Updates

Earnings season continues to wind down so I am shifting more of my focus back to normal Swing trading. I will still do Earnings trades but it will be greatly reduced now that there are a lot less opportunities each week.

Newly added this week that survived to the weekend:

  • RCS Capital $RCAP  I am long stock at $10 (after initially trading it short) as of 11/13 (Swing account)
  • Cyber-Ark Software $CYBR  I am long stock at $37.80 with a December 45/40/35 Collar PS (IRA account)
  • Altisource Portfolio $ASPS  I am short stock at $60 (covers the short November $60 Puts, Submarine Basket)
  • Ford $F  I am long stock at $14 with a December 05w 15.5/15 Collar (Submarine Basket)
  • Sanofi $SNY  I have a December 45/44 Risk Reversal with Short November $47 Calls (these are extra short Calls, Submarine Basket)
  • SPDR S&P Retial Index $XRT I am long the ETF at $90 (Fab 5)
  • Nordstrom $JWN  I am Short the November $75 Calls (2x) and Long the 72.5/70 1×2 Put Ratio. There is a Buy Stop set at $75.01 (2x, hedge). This is a LBW (look both ways) Earnings trade
  • BitAuto $BITA  I am long stock at $79.20 (Earnings trade)

Exits this week (existing or newly added that did not survive to the weekend):

50/50 Basket:  no material changes to report. Just one position still: Regulus $RGLS

Here is the Summary:

Positions_11152014

Next step for an Earnings trade in Rackspace

Here is my trade for $RAX Earnings:

Long the November 14 weekly 37/35 1×2 Put Ratio
This was done for a $.07 debit
This takes margin (at least until the extra short Puts are closed)

The reaction to the Earnings report was UP so what do I do now? In situations like this – where the directional bet does not work – I will often let the trade ride to expiry (Friday). The cost to participate was low ($.07) so I can just focus on the next trade.

Price could always surprise me and head my way :)

Trading Activty

My trading activity today:

Herbalife $HLF  I BtC the November 07 weekly $65 Calls for .02 debit (frees up some margin). The Long November 07 weekly 55/50 1×2 Put Ratio remains (with short stock at 50.11 as a hedge). Options Net now: $.38

ProShares Ultra VIX Short-Term Futures  $UVXY Swing account. I have BtC November $45 Calls for $.66 debit. Options Net final: $22.30 & ETF gains of $4.56 for an overall gain of $26.86

U.S. Silica Holdings $SLCA  I have adjusted the short December $60 Puts to November $55. I remain short stock at $60. There are also short January 2016 $70 Calls. Options Net now: $8.70 and stock gains of $39.25

 

BtC = Buy to Close

Position Updates

I am traveling for a few weeks but still wanted to provide a brief review of material changes to personal accounts this week. Newly added:

  • $CF  I am long the Oct 275/285/290/300 Call Fly
  • $GMCR  I am long the Oct 140 Calls
  • $OIH  I am long the Oct 24w/Oct 45/43 Diag Put Cal
  • $CAMP
  • $CALM

Exits or adjustments to existing positions:

 

China Finance Online

I have a trade in the 50/50 Basket for $JRJC and thought I would give a brief breakdown on the status. Here are the specifics:

September 10/9/7.5/6 Bear Risk Reversal Put Spread. A mouthful lol

I am long stock at $8.07 (hedge for the short Calls)

Here is a breakdown of the September Options pieces:

I am short the $10 Calls
I am long the $9 Puts
I am short the $7.5 Puts (1/2 size)
I am short the $6 Puts (1/2 size)

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